Federal Agricultural Mortgage Corporation $AGM Shares Sold by Fortis Capital Advisors LLC

Key Points

• Fortis Capital Advisors LLC reduced its stake in Federal Agricultural Mortgage Corporation by 44.6% during the 2nd quarter, holding 3,495 shares worth approximately $679,000.
• CEO Bradford T. Nordholm sold 4,224 shares of the company's stock for about $870,650.88, diminishing his ownership by 11.42%.
• Federal Agricultural Mortgage recently announced a quarterly dividend of $1.50 per share, representing a 3.7% dividend yield, with a payout ratio of 35.34%.

Fortis Capital Advisors LLC decreased its holdings in shares of Federal Agricultural Mortgage Corporation (NYSE:AGM - Free Report) by 44.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,495 shares of the credit services provider's stock after selling 2,811 shares during the quarter. Fortis Capital Advisors LLC's holdings in Federal Agricultural Mortgage were worth $679,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. GSA Capital Partners LLP acquired a new stake in shares of Federal Agricultural Mortgage during the first quarter worth $849,000. SG Americas Securities LLC acquired a new position in Federal Agricultural Mortgage in the first quarter valued at $310,000. GAMMA Investing LLC boosted its holdings in Federal Agricultural Mortgage by 20,282.6% in the first quarter. GAMMA Investing LLC now owns 9,376 shares of the credit services provider's stock valued at $1,758,000 after acquiring an additional 9,330 shares during the last quarter. Jump Financial LLC acquired a new position in Federal Agricultural Mortgage in the first quarter valued at $500,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Federal Agricultural Mortgage by 4.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 106,253 shares of the credit services provider's stock valued at $19,924,000 after acquiring an additional 4,963 shares during the last quarter. Institutional investors and hedge funds own 68.03% of the company's stock.

Insider Transactions at Federal Agricultural Mortgage

In other news, CEO Bradford T. Nordholm sold 4,224 shares of Federal Agricultural Mortgage stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $206.12, for a total transaction of $870,650.88. Following the sale, the chief executive officer directly owned 32,770 shares of the company's stock, valued at approximately $6,754,552.40. The trade was a 11.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gregory Ramsey sold 1,500 shares of Federal Agricultural Mortgage stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $206.71, for a total value of $310,065.00. Following the sale, the insider directly owned 3,085 shares in the company, valued at approximately $637,700.35. The trade was a 32.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,017 shares of company stock valued at $1,240,807. 2.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AGM. Keefe, Bruyette & Woods lifted their target price on Federal Agricultural Mortgage from $215.00 to $217.00 and gave the company a "market perform" rating in a report on Friday, August 8th. Weiss Ratings reiterated a "hold (c)" rating on shares of Federal Agricultural Mortgage in a report on Saturday, September 27th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Federal Agricultural Mortgage presently has an average rating of "Hold" and an average price target of $217.00.

Federal Agricultural Mortgage Trading Down 1.0%

NYSE:AGM opened at $162.80 on Friday. The business's 50-day moving average is $187.06 and its two-hundred day moving average is $185.35. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.54 and a quick ratio of 0.54. Federal Agricultural Mortgage Corporation has a 12 month low of $159.64 and a 12 month high of $217.14. The firm has a market capitalization of $1.78 billion, a PE ratio of 9.59, a price-to-earnings-growth ratio of 0.85 and a beta of 0.95.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The credit services provider reported $4.32 EPS for the quarter, beating the consensus estimate of $4.29 by $0.03. Federal Agricultural Mortgage had a return on equity of 18.86% and a net margin of 13.14%.The company had revenue of $100.51 million for the quarter, compared to analyst estimates of $96.54 million. Research analysts predict that Federal Agricultural Mortgage Corporation will post 17.6 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, September 15th. Federal Agricultural Mortgage's payout ratio is presently 35.34%.

Federal Agricultural Mortgage Profile

Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Corporate AgFinance, Farm & Ranch, Rural Utilities, and Renewable Energy. The company's Agricultural Finance line of business engages in purchasing and retaining eligible loans and securities; guaranteeing the payment of principal and interest on securities that represent interests in or obligations secured by pools of eligible loans; servicing eligible loans; and issuing LTSPCs for eligible loans.

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